| 1 | NAME OF REPORTING PERSON MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 000000000 | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] | ||
| 3 | SEC USE ONLY | ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION AUSTRALIA | ||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 3,145,504 | |
| 6 | SHARED VOTING POWER | ||
| 7 | SOLE DISPOSITIVE POWER 4,210,996 | ||
| 8 | SHARED DISPOSITIVE POWER | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,210,996 | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.49% | ||
| 12 | TYPE OF REPORTING PERSON INVESTMENT ADVISER | ||
| ITEM 1(a). | NAME OF ISSUER: YUM BRANDS INC | |
| ITEM 1(b). | ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1441 GARDINER LANE LOUISVILLE KY 40213 | |
| ITEM 2(a). | NAME OF PERSON FILING: MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT | |
| ITEM 2(b). | ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: LEVEL 36 25 MARTIN PLACE SYDNEY NSW 2000 AUSTRALIA | |
| ITEM 2(c). | CITIZENSHIP: AUSTRALIA | |
| ITEM 2(d). | TITLE OF CLASS OF SECURITIES: COM | |
| ITEM 2(e). | CUSIP NUMBER: 988498101 | |
| ITEM 3. | IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: | |
(a) [ ] | Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); | |
(b) [ ] | Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); | |
(c) [ ] | Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); | |
(d) [ ] | Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); | |
(e) [X] | An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); | |
(f) [ ] | An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); | |
(g) [ ] | A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); | |
(h) [ ] | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
(i) [ ] | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
(j) [ ] | A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); | |
(k) [ ] | Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: | |
| ITEM 4. | OWNERSHIP | |
| (a) Amount beneficially owned: | ||
| 4,210,996 | ||
| (b) Percent of class: | ||
| 1.49% | ||
| (c) Number of shares as to which the person has: | ||
| (i) sole power to vote or to direct the vote: | ||
| MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT : 3,145,504 | ||
| (ii) shared power to vote or to direct the vote: | ||
| MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT : | ||
| (iii) sole power to dispose or direct the disposition of: | ||
| MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT : 4,210,996 | ||
| (iv) shared power to dispose or to direct the disposition of: | ||
| MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT : | ||
| ITEM 5. | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]. | |
| ITEM 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: | |
| ITEM 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: | |
| ITEM 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: | |
| ITEM 9. | NOTICE OF DISSOLUTION OF GROUP: | |
| ITEM 10. | CERTIFICATION: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. | |
| February 14 2023 | MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT By: /s/ Name: Marcia Venegas Title: Chief Compliance Officer |
